London-based diamond dealers jailed for laundering £53 million


A couple who ran a diamond trading business from their home in East Finchley, have been jailed for a £53 million laundering operation.

Danny Koort, 52, and Jeanette Rosen, 48, were convicted of money laundering at the Old Bailey after a joint investigation by the National Crime Agency (NCA) and City of London Police.

Based on detailed diaries of their deals between January 2013 to November 2014, the couple are thought to have laundered up to £53m for organised crime groups in under two years.

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The couple ran a legitimate diamond dealing business but used it as cover to clean the money, the Old Bailey heard.

Koort and Rosen were jailed for 11 and 10 years respectively, while an accomplice to the pair, Andrew Russell, 54, was also convicted of money laundering and sentenced to four years.

City of London Police arrested Rosen on 28 November 2014 when she was carrying just short of £170,000 in a bag in a central London street.

Police searched her office where they found 235,215 Euros and £17,165 in cash.

The officers also searched her black Mercedes and discovered 10 pay-as-you-go mobile phones – nine with code names written on.

A search of Rosen and Koort’s home discovered a piece of paper headed “my big friend” with calculations for sums in sterling and Euros ending with an outstanding amount of £60,100.

Investigators also found a bag containing counterfeit notes.

NCA senior investigating officer Tony Luhman said: “Koort and Rosen had enormous sums of money going through their books and were clearly doing a lot of business with many organised crime groups.

“Their conviction removes a money laundering facility on which numerous other criminals have depended, and now makes life harder for crooks looking to clean their dirty cash.”

Tags : City of London Policecrimediamond dealerslaundering crimeNational Crime AgencyOld Bailey

The author Stacey Hailes

Editor, Professional Jeweller

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